"One does not simply build a salary structure" Following up on my previous posts on the differences in globally graded vs traditional salary structures and job-based approaches vs salary structures, I'd like to add one more piece to make it a trilogy. But hopefully a good trilogy like the Before trilogy or Lord of the... Continue Reading →
Originally posted on the Nua Blog: Inflation is the new hot topic among economists. Consumer Price Index (CPI) indicates the cost for all consumer goods rose by 0.8% in November and called into question the notion that 2021 price increases were only a temporary spike. While economists debate whether inflation will continue to rise and... Continue Reading →
"You May Run The Risks, My Friend, But I Do The Cutting. If We Cut Down My Percentage... Who Knows? It Might Just Interfere With My Aim." Blondie Many private companies consider the implementation of a formal annual bonus plan to be something "required" prior to an IPO. After all, if you pay people to... Continue Reading →
This is an interesting question, and does require some thought. To which level of role should geo-differentials be applied? To start with, what is a geographic differential? Well, typically when creating salary ranges, or benchmarks, rather than creating a midpoint for every position/level in every city in a given country, we will group cities and... Continue Reading →
I hear this usage a lot, "Maybe we can give them an MBO" or "I'd like to include MBOs in the plan". However, this doesn't really make sense so permit me a short rant if you will. MBO stands for "Management By Objectives" which means it isn't a measure, it is a process. The approach... Continue Reading →
Who remembers those triangles in maths lessons that helped you remember how to calculate one variable given the two others? Essentially you cover up one corner of the triangle then the remaining two variables dictate whether to multiply or divide the remaining two, to give you the missing number. Since I had the memory of... Continue Reading →
"You are the eventuality of an anomaly, which despite my sincerest efforts I have been unable to eliminate from what is otherwise a harmony of mathematical precision." The architect of The Matrix speaking to a rogue job in his HRIS system. Job architecture is a simple concept - It is a systematic way of organizing... Continue Reading →
A moderately wise man once told me that there are only two drivers of performance - fear and greed. If that is true then it is certainly the former that gives rise to capped sales incentive programs. For something that is so frequently cited as a negative, it is remarkable how often this mechanic crops... Continue Reading →